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Version date: 1 January 2015 - onwards
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74. Tax

(1) The Treasury may by regulations make provision about the fiscal consequences of the exercise of the power to make a mandatory reduction instrument or a stabilisation power.

(2) Regulations may relate to -

(a) capital gains tax;

(b) corporation tax;

(c) income tax;

(d) inheritance tax;

(e) stamp duty;

(f) stamp duty land tax;

(g) stamp duty reserve tax.

(3) Regulations may apply to -

(a) anything done in connection with an instrument or order;

(b) things transferred or otherwise affected by virtue of an instrument or order;

(c) a transferor or transferee under an instrument or order;

(d) persons otherwise affected by an instrument or order.

(4) Regulations may -

(a) modify or disapply an enactment;

(b) provide for an action to have or not have specified consequences;

(c) provide for specified classes of property (including securities), rights or liabilities to be treated, or not treated, in a specified way;

(d) withdraw or restrict a relief;

(e) extend, restrict or otherwise modify

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